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GL events — M&A Activity 2015
Oct 28, 2015
1368_iss_2015-10-28_9427ac04-2964-49e2-b8ec-3d6eebcd2603.pdf
M&A Activity
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GL events announces the acquisition of the Jaulin Group
GL events has executed the agreement to acquire all operations of the Jaulin Group.
Created by Mr. Bernard Jaulin in 1986, this company has developed mainly in the Paris region as a provider of event services. These include in particular the installation of temporary structures, furniture rental, audio-visual services and decoration. It has annual sales of approximately €38 million and 240 employees. In 2016, it is expected to generate EBITDA of €5 million.
In addition, since the end of 2014, it manages Le Paris Event Center, a venue in the north east of the French capital (Porte de la Villette) under a lease agreement with the SNCF, the national state-owned railway company. This Paris venue hosts corporate events on a property of 48,000 sq. m (516,667 sq. ft.).
Members of the Jaulin family, shareholders and executive officers, will contribute to the transition process over the coming years.
This accretive acquisition, that will start producing commercial and operating synergies in 2016, strengthens GL events' position in the event sector in the Île-de-France region and completes the coverage of our portfolio of venues under management in Paris.
Upcoming events:
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2015 annual revenue: 19 January 2016 (after the close of trading)
Erick Rostagnat Tel.: +33 (0)4 72 31 54 20 [email protected]
Investor Relations Media Relations Stéphanie Stahr Tel.: +33 (0)1 53 48 80 57 [email protected]
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